Real Estate Owned Appraisals in Wabash County
Properties in foreclosure and properties that have gone back to the lender's control bring forth special appraisal difficulties.
For a home in foreclosure, you might need to know the difference between the fair market value and "quick disposition" to know your possible charge-off liability. At Lundquist Appraisals & Real Estate Services, we have the training in both supplying snapshots of fair market value for our mortgage lending and servicing clients, in addition to "quick sale" forecasts that understand your urgency.
Lundquist Appraisals & Real Estate Services has the expertise to work with the special dynamics of a foreclosure appraisal. Contact Lundquist Appraisals & Real Estate Services for a company you can rely on.
Owners of homes in foreclosure, of course, can present particular challenges. They may be unwilling to allow an inspection of the house. If they left the home already, they might have overlooked the care of the property for awhile - or even worse, ransacked the home.
For a house that has returned to Real Estate Owned, you likewise will be interested in a quick resolution . But you might want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the value of the home without any repairs done to it, with the repairs called for to make the property marketable at full market value corresponding with similar homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your urgency and the unique situation of a Real Estate Owned home, as well as the special data you will need -- competing listings, market trends, and the like. You can rely on Lundquist Appraisals & Real Estate Services to take on the task of your REO with expertise and professionalism. Contact us today.